The Fraud of Contract Staffing in Nigerian Banks By Abubakar Kasimu Abdullahi
Mid this year, contract staffs of Diamond Bank had protested the injustice and unfair treatment by the bank, demanding the management to account for all the deductions in their salaries, tax artifice and other sundry issues.
This ugly trend is resurfacing its face again in the banking industry. Stanbic IBTC hires her casual staffs through an outsourcing agency and are paid N40,000 – best pay.
These inexperience staffs are given near impossible targets. For Business Bankers; you are expected to open 20 corporate accounts (which is 100%) or a minimum achievement of 18 accounts (i.e 80%) monthly. One is at the verge of forfeiting his salary if he opens an account away from the 80% target.
Nonetheless, one is entitled to transport allowance of N15,000 if he achieves 50% of the said target.
Same applies for Personal Bankers; with the mandate of recruiting 50 accounts monthly.
If as a Business Banker, you win a mandate to open salary accounts for an organization (which is a plus for the bank) it amounts to nothing for the you – the Business Banker.
Some of these staffs, after putting years of meticulous service, are laid off instead of been upgraded to full blown staffs.
This process is at best inexpedient and a breach of contract, as it is not included in the offer letter. Before now, this trend is common with the ND and HND holders. But due to the high level of unemployment in the country, B.Sc holders too, are now subjugated to this thievery!
These foot soldiers who spend their days in the scorching suns and rains are yet not entitled to the banks’ Medicare.
I understand, as a standard practice all over the world, Banks’ management are not privy to know the terms and conditions between the outsourced agencies and their staffs. And this is why most Banks’ own executive now put forward plausible schemes or use unscrupulous trickery to defraud masses in this career pact.
The fraud in Nigerian banks had been correlated with the high level of job insecurity (Omoife 2012). How then, can we unravel this with the high level of retrenchment, salary cut, employee coercion for high performance in the face of hostile and polluted marketing environment?
Lest I forget, this unfortunate trend is an all encompassing as seen in most of our private sector in the economy. Sometime last year, Airtel contract staffs had protested and shut down some offices in the country owing to their unfair and unjust treatment.
The aftermath of this unfair treatment is yet uglier as the former employees seize every opportunity of our flawed system and defraud banks in millions. Or even form a syndicate and defraud the banks and other government agencies.
The Apex bank and the Nigerian Labour Congress need to as a matter of urgency address these exigencies in their reforms – staff welfares. The Central Bank need to also initiate policies that limits the number of casual (contract) staffs a bank should employ.
Good secured jobs are best antidotes to crimes!
EYESHOT: it’s quite pathetic that Senior Banks Executives were detained by the State Security Service and ASSBIFI could only make efforts to their release on print media.
@abubakar47i – twitter.
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